Post
Topic
Board Announcements (Altcoins)
Re: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico
by
aSmallChild666
on 16/08/2015, 21:11:12 UTC
I guess by intrinsic value I meant quantified.  Be it in USD, sea urchin shells, or whatever.  Sell walls ought to increase supply and, therefore, lower price.   And vice versa for buy walls.  This is what got my investments in such trouble.  In the crypto market this basic fundamental does not hold because of rampant speculation.  That does not even account for short term wall bluffs.  I would still be interested to learn how it is determined whether the coin is over-valued or under-valued.  I believe that the right price for anything at a given moment in time is what two parties willingly trade it for at that moment in time.  A gun to the head or starvation, of course, can drastically affect a "fair market value".
Also, the corollary to the idea that a big sell wall raises the price is that I could put a big sell wall for higher than current price and I would get it and that I could then put up a big buy wall at a lower price and I would succeed in that too.  Soon, all the TEKcoins would be mine.